ConocoPhillips has completed the $1.5 billion sale of its Nigerian upstream business to Lagos, Nigeria-based Oando Energy Resources, the company said Wednesday.
Total is counting on new projects to increase its oil production to 2.6 million barrels a day in 2015 and to about 3 million barrels two years later.
Oil companies, environmentalists and other stakeholders will have more time to weigh in on what coastal waters should be available for drilling beginning in 2017. More »
Instability and conflict in the Middle East is on the rise and with it there is a greater risk that oil production could be interrupted. In Iraq, ISIS forces have put the country on the brink of civil war. Oil production in the North has been disrupted but that has been offset by production in […] More »
Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash. More »
With further escalation in hostilities in Iraq as the militant group, the Islamic State of Iraq and Syria (ISIS) tries to lock down more oil and gas assets, it is hard not to worry that an oil crisis might be looming. Saudi Arabia has fortified its northern border with Iraq with more military hardware and […] More »
Fast forward a few decades, and we are now living in a golden age of knowledge transmission. Indeed, with social media, blogs, television, podcasts and the like, it is possible to reach all corners of the globe with very little effort. The other side of that coin is that is very easy for you to BE REACHED by some of the brightest minds in business. More »
A federal judge ordered U.S. Marshals to seize any crude offloaded from an oil tanker anchored off the Galveston coast carrying 1 million barrels of Kurdish crude. More »
The 7,000 pages of emails between leaders at PG&E and California Public Utilities Commission President Michael Peevey and his staff were released as the result of a lawsuit filed by the city of San Bruno. More »
The U.S. Coast Guard on Sunday cleared an oil tanker carrying Kurdish crude to offload its cargo, potentially paving the way for an import that could complicate U.S. relations with Iraq which has threatened to sue any buyers. More »
Business and Energy Minister Matthew Hancock said shale gas has the potential to increase the country’s energy supply but stressed national parks will be protected. More »
The forecast was lowered to 2.41 million barrels of oil a day from a prior projection of 2.5 million, said Gustavo Hernandez, Pemex’s head of exploration and production. More »
Tesoro Corp. wants to build a 135-mile pipeline to carry crude oil from the Uinta Basin to Salt Lake City refineries. More »
As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution, according to an Associated Press report. More »
Both energy companies and consuming countries who still think appeasing Russian President Vladimir Putin will solve their long term problems need to think again. Hillary Clinton’s tough talk about why we must stand up to energy fascism is spot on and needs to be carefully heeded. The West and China have undoubtedly benefited from cheap […] More »